Perhaps you’ve been putting off writing your will because you think it will cost too much or the amount of work seems overwhelming. Online will-makers help address these problems. For a modest fee, these services walk you through the steps to get the whole job done in an hour or less.
When a family member dies, you or someone else close to that person must take some basic steps fairly quickly. Knowing what to do can ensure there’s no delay in what can already be a long and laborious estate settlement process.
Dying intestate — without an estate plan — leaves behind a nightmare for your loved ones. That means you need to create detailed legally binding instructions for your estate in the form of a will or living trust. But which do you need? Or should you have both?
No one likes to think about the fact that they’re going to die one day. But making a will is a way to take care of your loved ones after you’re gone. And once you learn what a will really is and what goes in it, it’s easy to see why almost everyone needs one.
If you don’t have anything saved when you die, how do you ensure your death doesn’t create a financial burden for your survivors? That’s where burial insurance comes in. And these are the best burial insurance companies right now.
There are several events that mark good times to review and update your estate plans, including major life changes, financial changes, or new tax laws. You should also make a habit of updating your estate plans every few years regardless. Read on to learn why it’s important to update your estate plans and when you should do it.
Millennials have diverse needs and desires, but some truisms in life hold for every adult, regardless of their generation: They need to develop a comprehensive estate plan. Fortunately, most younger adults can spend just an hour or two each year creating and updating their estate plan. Here’s how.
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) changed some of the rules about when people who inherit an IRA can withdraw the funds. As you plan your retirement, make sure you understand the new rules and adjust your estate planning accordingly.
If you plan on giving large sums of money to friends and family — either in your lifetime or after you die — you owe it to yourself and them to understand the tax implications. Here’s what you need to know about how estate and inheritance taxes work — and how to keep them as low as you can.
There is one guarantee in life that none of us can escape: We will all die someday. If we’re lucky enough, we’ll do this when we’re old, slipping peacefully away in our sleep, but inevitably, it will happen to each of us. Unfortunately, too many of us pass away without leaving a will or other
If there is a list of topics people don’t like to discuss, death and debt are near the top. However, like many important legal and financial issues, every responsible adult should have at least a basic understanding of how debts left behind after death can affect survivors. Who pays for such debts? Are debts passed
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